ELEVATED LIFTS LIMITED - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03056715 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

ELEVATED LIFTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Young

SECRETARY:

REGISTERED OFFICE:

95 Church Road

Erdington

Birmingham

B24 9BE

REGISTERED NUMBER:

03056715 (England and Wales)

ACCOUNTANTS:

Stanley G Williams & Sons

95 Church Road

Erdington

Birmingham

B24 9BE

FIXED ASSETS

Tangible assets

2

1,336

1,781

CURRENT ASSETS

Debtors

26,581

23,808

Cash at bank

48,524

7,650

75,105

31,458

CREDITORS

Amounts falling due within one year

17,548

5,126

NET CURRENT ASSETS

57,557

26,332

TOTAL ASSETS LESS CURRENT LIABILITIES

58,893

28,113

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

58,891

28,111

SHAREHOLDERS' FUNDS

58,893

28,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 17 February 2016 and were signed by:

C Young - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

20,121

DEPRECIATION

At 1 June 2014

18,340

Charge for year

445

At 31 May 2015

18,785

NET BOOK VALUE

At 31 May 2015

1,336

At 31 May 2014

1,781

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2